Frozen pension

Babygirl06

Hi,
I have a pension that has been frozen for several years.
Is there anyway I can get the money out of the pension.
Thank you.

mgdavid

not unless you are over the Scheme Pension Age, or 55 with a reduction formula applied, no.

PS - deferred or paid-up, not 'frozen'.

mania112

She could mean 'paid up' as in a personal pension which hasn't received contributions for some time.

Either way, the fact remains you must be 55 to draw benefits from a pension (of any kind).

mgdavid

mania112 wrote: »

She could mean 'paid up' as in a personal pension which hasn't received contributions for some time.
.....

agreed and corrected

atush

Babygirl, See the sticky entitled Can I Cash In My Pension.

unless you are over 55 or have been diagnosed with a terminal illness, the answer is no.

If you have financial problems/pressures that lead to this Q, then head over to the Debt Free or Budgeting forums.

Babygirl06

Hi there,

Many thanks for your comments.

Babygirl06